• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 13 mins GREEN NEW DEAL = BLIZZARD OF LIES
  • 8 days The United States produced more crude oil than any nation, at any time.
  • 11 hours Could Someone Give Me Insights on the Future of Renewable Energy?
  • 4 hours How Far Have We Really Gotten With Alternative Energy
Tsvetana Paraskova

Tsvetana Paraskova

Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. 

More Info

Premium Content

China’s Coal Imports From Russia And Australia Soar

  • China is mining record amounts of coal and also importing record volumes of coal as it looks to boost its energy security.
  • China’s imports of coal from both Russia and Australia are at multi-year highs, gaining market share at the expense of Indonesia.
  • China’s hydropower generation has dropped this year due to insufficient rainfall and drought, boosting the need for coal power.
Coal

China is importing record volumes of coal, with purchases from Australia and Russia at multi-year highs, as Chinese authorities focus on boosting energy security and the economy amid the worsening quality of the domestically mined coal.

China is mining record amounts of coal, but the quality of the fuel for burning for electricity and for steelmaking is lower than imports, so the world’s top coal consumer is boosting imports from Australia and Russia, according to Chinese customs data reported by Bloomberg.

Early this year, China received the first shipment of Australian coal in two years as Beijing signaled it was warming up to restoring trade relations with its former major supplier of the fossil fuel.

Since then, Chinese imports of coal from Australia have soared, and so have imports from Russia, whose coal has been banned in the West for more than a year now.

As a result, Russia and Australia are gaining market share in China at the expense of Indonesia, analysts say.

Chinese coal imports jumped in August by 12.9% from July to a record in data going back to 2015. Imports also surged by 53% from August last year, according to China’s customs data.

With a significant decline in power output from China’s massive hydropower sector due to insufficient rainfall and drought, coal production, coal imports, and coal-fired electricity generation have jumped this year.

China is relying on coal to avoid blackouts as the economy reopened after the Covid lockdowns. During the first half of this year, coal production, coal imports, and coal-fired electricity generation surged and offset a significant decline in power output at China’s massive hydropower capacity due to insufficient rainfall and drought.

Lower international coal prices compared to last year’s record highs, when Russian coal was banned in the West, have also played a role in the Chinese surge in imports this year.

By Tsvetana Paraskova for Oilprice.com

ADVERTISEMENT

More Top Reads From Oilprice.com:


Download The Free Oilprice App Today

Back to homepage





Leave a comment

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News